Answer:
Step-by-step explanation:
First, the profit formula:
PROFIT= TOTAL REVENUE - TOTAL COST
Next, note the points:
- Without Advertisement, Q = 6,000 where Q is quantity supplied
- A formula that gives the total profit P in dollars must take into account that 100cents = 1dollar
- Here, only a dollar is spent on advertisement, hence, Q = 6005
- Advertising expenses have been accounted for and [P = 9cents × Q] where Q is quantity sold.
- 9 cents = 0.09 dollars
TOTAL PROFIT FORMULA = 0.09Q - 500
Answer:
Answer is D on edge
Step-by-step explanation:
For 18% it will take 2 years to pay
For 3 years payment will be $36.50
For 14% it will take 1.9 years or 23 months